Silvercorp Metals Inc (AMEX:SVM) traded at $3.32 at close of the session on Tuesday, November 26 and made a downward move of -0.60% on its previous day’s price.
Looking at the stock we see that its previous close was $3.34 and the beta (5Y monthly) reads 1.158 with the day’s price range being $3.285 – $3.36. The company has a trailing 12-month PE ratio of 11.18. In terms of its 52-week price range, SVM has a high of $5.32 and a low of $2.22. The company’s stock has lost about -31.97% over that past 30 days.
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Silvercorp Metals Inc has a market cap of $722.30 million and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.01 and a yield of 0.38%, the company’s investors could be anxious for the SVM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 0.1, with the EPS growth for the year raised at 0.32 for current year and 0.32 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 80.9M, with a low of 80.9M and a high of 80.9M. The median projection represents growth squeezing down to 38.27% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 258.97M, or 20.34% up from figures reported last year.
On the other hand, looking at the outlook for the SVM stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Silvercorp Metals Inc (SVM) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SVM stock currently stands at 2.24, and the current price level is -18.16% off its SMA20 and -24.53% from its 50-day simple moving average. The RSI (14) is pointing at 28.37 while the volatility over the past week is 5.23% and jumps to 5.13% over the past one month. The beta value is 1.22, while the average true range (ATR) is currently pointing at 0.24.
Coming back to Silvercorp Metals Inc (AMEX:SVM), we note that the average 3-month trading volume was 3.63 million, while that of the preceding 10-day period stands at 5.94 million. Current shares outstanding are 217.56 million.
The insiders hold 3.81% of the company’s shares while institutions hold 36.18%. The data shows that short shares as of 2024-10-31, stood at 7.08 million at a short ratio of 2.6. This represents a 338.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 7.76 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 26.24% up in year-to-date price movement.
